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Home Inspection Contingency Removal Addendum This Addendum is made on, in accordance with these Contract (Contract) dated between (Purchaser)and(Seller) for the purchase and sale of the Property:.

How to fill out home inspection contingency removal

1. To fill out a home inspection contingency removal, start by reviewing the home inspection report thoroughly. This report highlights any issues or concerns found during the inspection process.
2. Make a list of the items that you want the seller to address or repair before closing. These could include anything from electrical problems to plumbing issues or structural concerns.
3. Prioritize the list based on the severity of the issues. It's important to focus on safety or major repairs first.
4. Consult with your real estate agent or attorney to ensure you understand the specific procedures and deadlines for removing the home inspection contingency. They will guide you through the process and provide any necessary documentation.
5. Prepare a written request to the seller outlining the repairs or remedies you are seeking. Be clear and specific in describing the issues and the desired outcomes. Attach the relevant sections of the home inspection report as supporting evidence.
6. Send the request to the seller or their agent within the specified timeframe, as outlined in your purchase agreement. Use a certified mail or email to have a record of delivery.
7. Once the seller receives your request, they will have a certain period of time to respond and either agree to the requested repairs, propose alternatives, or reject the request.
8. If the seller agrees to the requested repairs, ensure that the agreement is documented in writing and signed by both parties. Clarify any responsibilities, timelines, and payment agreements associated with the repairs.
9. If the seller rejects your request or proposes alternatives, carefully consider their response and assess whether it meets your needs and expectations. Consult with your real estate team to discuss potential negotiations or further actions.
10. After reaching an agreement with the seller, fill out the home inspection contingency removal form provided by your real estate agent or attorney. Include all necessary details, sign it, and provide a copy to the seller for their records.
11. Keep a copy of the completed and signed home inspection contingency removal for your records as well.

Who needs home inspection contingency removal?

1. Buyers who have conducted a home inspection and are dissatisfied with the condition of the property or have identified major issues that they want the seller to address or repair.
2. Buyers who want to ensure that any necessary repairs are completed before finalizing the purchase of the property.
3. Buyers who wish to remove the contingency to move forward with the transaction once their concerns have been addressed or agreed upon by the seller.

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What is home inspection contingency removal?

Home inspection contingency removal is the process of removing the contingency in a real estate transaction that allows the buyer to conduct a home inspection and potentially cancel the agreement or negotiate repairs based on the findings.

Who is required to file home inspection contingency removal?

The buyer is typically required to file the home inspection contingency removal, as they are the party benefiting from the inspection.

How to fill out home inspection contingency removal?

To fill out the home inspection contingency removal, the buyer will need to document any findings from the inspection and indicate whether they are proceeding with the purchase, requesting repairs, or cancelling the agreement.

What is the purpose of home inspection contingency removal?

The purpose of home inspection contingency removal is to formalize the buyer's decision to move forward with the purchase, request repairs, or cancel the agreement based on the results of the home inspection.

What information must be reported on home inspection contingency removal?

The home inspection contingency removal must include details of the inspection findings, the buyer's decision on how to proceed, and any requests for repairs or credits.